Lake of the Woods
November 2016
Market Update

 

lake of the woods christmas

It's that time of year again in Lake of the Woods when the leaves begin to fall and Christmas lights begin to illuminate the neighborhood. Not only in there a flurry of activity but often there are buyers and sellers alike trying to decide if now is a good time to buy or sell their home.


As they say, "knowledge is power" and what better way to help those interested in buying or selling in the Lake then to look at last month's real estate activity.


November:

Active Homes: 83

Under Contract: 38

Sold Homes: 15


With interest rates still at historic lows there is no doubt that the buying ability of would be borrowers will continue to be a positive driving factor with home sales in Lake of the Woods. Furthermore, the financial and consumer outlooks continue to trend in positive territory which should translate favorably for the housing industry in December and in 2017. 

If you are thinking of buying or selling a home in lake of the Woods, or the surrounding area, please call Realtor Sean Jones at 540-360-5166 and I'll make sure you get the information and real estate assistance you deserve.